The seasonally adjusted annual rates of housing starts in Canada rose 8.3 percent from a month earlier to 211,681 units in June 2020, beating market expectations of 198,000 units, according to Canada Mortgage and Housing Corporation (CMHC). Urban starts increased by 8.7 percent to 196,675 units, as multiple urban starts jumped by 13% to 154,602 units while single-detached urban starts dropped by 4.5% to 42,073 units. Rural starts were estimated at a seasonally adjusted annual rate of 15,006 units.
Housing Starts in Canada averaged 186.33 Thousand units from 1977 until 2020, reaching an all time high of 291.60 Thousand units in March of 1978 and a record low of 90.70 Thousand units in August of 1982. This page provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Housing Starts - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada is expected to be 220.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Starts in Canada to stand at 215.00 in 12 months time. In the long-term, the Canada Housing Starts is projected to trend around 213.00 Thousand units in 2021 and 216.00 Thousand units in 2022, according to our econometric models.